We investigate spillovers from US monetary policy to bank lending in Asia. When Asian banks use funding denominated dollars and other currencies, a tightening of will contract loan supply via volumes/costs. Panel regressions demonstrate such effects on volumes prices Asia, holding constant local economic conditions. Supplementary results are consistent with transmission channels Our extend work...

Are violators of international human rights norms punished with lower levels of foreign aid? Despite their abstract preferences, governments often lack the incentive to punish norm violators bilaterally. Multilateral lending institutions, such as the World Bank, could fill the void if they wanted to consider human rights abuses and could bypass restrictions on evaluating the political character...

Granular residual is created in the banking network when there are a few large banks with many small banks. In this case, the effect of the shocks on each bank not lost in total that can lead to macro-economic consequences. The transmission of monetary policy through change in bank facilities is one of the key mechanisms affecting monetary policies. The power of transmission of monetary policy ...

It has long been recognised that banking is a procyclical business. That is, banks tend to contract their lending activity when there are business downturns because of their concern about loan quality and repayment probability. This exacerbates the economic downturn as credit constrained businesses and individuals cut back on their real investment activity. In contrast, banks expand their lendi...